China USDCNY yuan

Yuan Heads For Best Week In More Than A Decade As China Trade Data Is Resilient

"The extremely bearish USD sentiment spilled over to the yuan market, and fixing failed to cool down bullish sentiment," Ken Cheung, a senior currency strategist at Mizuho Bank in Hong Kong notes, adding that "heading to the weekend, risk-off sentiment due to the foundation day of North Korea also raised safe-haven demand for the yuan."

"The extremely bearish USD sentiment spilled over to the yuan market, and fixing failed to cool down bullish sentiment," Ken Cheung, a senior currency strategist at Mizuho Bank in Hong Kong notes, adding that "heading to the weekend, risk-off sentiment due to the foundation day of North Korea also raised safe-haven demand for the yuan."
This content has been archived. Log in or Subscribe for full access to thousands of archived articles.

1 comment on “Yuan Heads For Best Week In More Than A Decade As China Trade Data Is Resilient

  1. Meanwhile, Spot Dollar just nudged 91.01.
    Gold is up over $1,360.00.

    Three hurricanes at once.
    Mexico was just hit by magnitude 8 earthquake, with tsunami warnings.
    Trump is in charge.
    Fun times.

    The swans they are a flying.
    Perhaps it’s time for me to brush up on my Revelations.

Speak On It

Skip to toolbar